Investment property owners have different reasons for selling, but some may fail to see the big picture and miss an excellent opportunity to sell.
I’ve counseled many investors on both sides of the decision-making process: wanting to sell, but missing the opportunity or having the opportunity, but missing the time to sell.
It may be time to sell when...
...planned or unforeseen circumstances of life come into view such as retirement, divorce, the death of a spouse or a relocation.
...you are tired and frustrated and have had enough dealing with problems, putting out “fires,” and are frustrated with the tenants’ needs.
...you secured that new tenant you have been working on, executed a new long-term lease and solidified the value of your property.
...your gut tells you your investment is too risky and after looking at all that can go sideways with your property you weigh this against the rewards and find the risk is too great.
...the replacement, maintenance and reliability model is no longer in your favor and replacement of many of the major building systems is expected within the next five years.Read More